SOLD: $445,000 | 44667 San Pablo, Palm Desert
/All units have been upgraded within the past 2 years. All 2 bedrooms/2 baths with ceramic tile throughout the apartment. Added income from the non-permitted studio apartment - $750/mo rent. Carport for the units, with extra off-street parking for guests or 2nd cars. Swimming pool and spa with upgraded security gates. The 6th unit is a non-conforming studio that has not been permitted by the city.
Address:
44667 San Pablo
Palm Desert, CA 92260
Monthly | Annually | Projected/Actual | |
|---|---|---|---|
Rents | 5,475 | 65,700 | |
Vacancy and Credit Loss | 274 | 3,285 | |
Gross Operating Income | 5,201 | 62,415 | |
Advertising | 45 | 540 | Actual 2007 |
Cleaning | 93 | 1,116 | Actual 2007 |
Gardening | 414 | 4,968 | Actual 2007 |
Insurance | 311 | 3,732 | Actual 2007 |
Licenses and Permits | 53 | 636 | Actual 2007 |
Pest Control | 2 | 24 | Actual 2007 |
Repairs and Maint. | 300 | 3600 | Actual 2007 |
Pool Service | 398 | 4,776 | Actual 2007 |
Property Taxes | 755 | 9,060 | Projected @ 1.25% |
Property Management | 520 | 6,242 | Projected @ 10% |
Utilities: | |||
Trash | 127 | 1,524 | Actual 2007 |
Water | 202 | 2,424 | Actual 2007 |
Gas & Electric | 289 | 3,468 | Actual 2007 |
Total Operating Expenses | 3,509 | 42,110 | |
Net Operating Income | 1,692 | 20,306 | 65% |
List Price: SOLD
Cap Rate: 2.8 675,000
Above is a model and no guarantees are implied by broker.
Sold Price: $445,000
Status: Sold